Taseko Mines Limited (LON:TKO - Get Free Report) shares shot up 5% during mid-day trading on Thursday . The stock traded as high as GBX 168 ($2.17) and last traded at GBX 168 ($2.17). 2,002 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 4,695 shares. The stock had previously closed at GBX 160 ($2.07).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 300 ($3.88) price target on shares of Taseko Mines in a research report on Thursday, February 20th.
Check Out Our Latest Analysis on TKO
Taseko Mines Stock Performance
The stock has a market capitalization of £975.25 million, a price-to-earnings ratio of 11.67 and a beta of 1.92. The firm's 50 day moving average is GBX 166.35 and its 200-day moving average is GBX 169.02.
Insider Buying and Selling at Taseko Mines
In other news, insider Robert Dickinson sold 44,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.81), for a total transaction of £129,800 ($167,786.97). 2.58% of the stock is owned by corporate insiders.
About Taseko Mines
(
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Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America.
Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.
In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.
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